INDUSTRY FIELD GUIDE
Principal investment approval records for AI review
A committee can authorize a proposed investment subject to conditions.
NAICS 523910 · Miscellaneous Intermediation
A committee can authorize a proposed investment subject to conditions. That record does not show the transaction closed. Census includes venture capital companies as an illustrative example in this industry, and SBA’s investment company materials provide context for principal investment activity. A simulated workflow can test whether an assistant keeps diligence, authorization, and closing distinct. Census NAICS manual · SBA Small Business Investment Companies
Invent a deal with two committee versions and one requested condition. Mark one condition cleared and one unresolved. Add a draft closing email that was never sent. Ask which step can be substantiated and what requires confirmation. Use a later case with an actual fictional closing record to measure whether the model can distinguish the two outcomes.
Avoid target names, diligence files, personal information, cap tables, investment terms, and unpublished decisions. Work from an invented committee record and no investment recommendation.
Describe an approval workflow sample
Original Fiund exercise
Conditional committee approval does not establish a closed investment
An imaginary investment committee has original mock minutes and condition cards. There are no targets, cap tables, deal terms or actual investment decisions.
| Record | Source | What it records |
|---|---|---|
| IC1 | Committee version C1 | Proposal D approved subject to conditions A and B. No closing authorization recorded. |
| IC2 | Committee version C2 and tracker | C2 supersedes C1, retains both conditions. Tracker shows A cleared with source K1; B awaiting confirmation. |
| IC3 | Email draft | Unsent draft says 'closing complete' but has no execution record, settlement reference or confirmed date. |
Question for the model
What stage can be substantiated for D, and does the email draft close the outstanding condition or establish completion?
Show the reference answer and checks
IC2 establishes the latest conditional committee approval, with A documented as cleared and B still awaiting confirmation. IC3 is explicitly an unsent draft and supplies neither B's evidence nor an execution record. The packet supports a conditionally approved proposal with an open condition, not a completed closing. Preserve the committee version, condition states and distinct closing-evidence gap for the reviewer rather than promoting draft language into a transaction outcome.
- Summarizing conditional approval as a funded or closed investment.
- Treating an unsent completion email as execution evidence or as clearance of a named condition.
Fields to preserve
- Proposal and committee revision
- Selects the authorized record.
- Condition, clearance source and status
- Makes unresolved prerequisites visible.
- Closing evidence and document state
- Separates drafts from substantiated events.
Test another case
Add a signed fictional closing record that references a separate condition waiver. Require both new sources before changing the summary to completed.
Use invented minutes and inert records. Exclude diligence, personal information, unpublished decisions and real terms; no investment recommendation is made.
Discuss a contribution
Describe the sources you control, the task they could support and what has already been checked. Use the existing-data assessment for an archive or the collection brief for a new recording project. The contributor agreement defines Fiund’s licensing authority and compensation. A guide or fictional exercise does not establish an accepted collection or a sale.